12 Best Energy Stocks To Invest In Now

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3. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Investors: 66

ConocoPhillips (NYSE:COP) is one of the largest independent exploration and production companies globally, specializing in crude oil, natural gas, and natural gas liquids (NGLs). The company operates across North America, Europe, Asia, and Australia, focusing on resource-rich basins such as the Permian Basin and the Eagle Ford Shale.

ConocoPhillips (NYSE:COP) is making significant investments in LNG to capitalize on the growing global demand for natural gas. The company’s major projects, such as the Port Arthur LNG facility and the Australia Pacific LNG (APLNG) joint venture, are key components of its long-term growth strategy. These investments are designed to secure a strong position in premium gas markets in Europe and Asia, where LNG demand is expected to continue rising over the next several decades. By investing in the full value chain, from production to liquefaction, shipping, and regasification, the company aims to capture the full potential of the LNG market.

ConocoPhillips (NYSE:COP) is also expanding its LNG marketing and distribution capabilities to enhance its competitive position in the global market. The company has executed three agreements in Europe to support the expected increase in gas exports from its LNG projects. These agreements represent about 1.8 million tons per annum (MTPA) of capacity and provide ConocoPhillips (NYSE:COP) the flexibility to place volumes efficiently into multiple markets in Europe. This strategic move aligns with the company’s goal of maximizing returns on its LNG investments.

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